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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2013
CNY
Dec. 31, 2012
CNY
Dec. 31, 2011
CNY
Revenues:        
Online recruitment services $ 179,138 1,084,448 943,432 803,004
Print advertising 8,428 51,023 105,309 208,365
Other human resource related revenues 89,412 541,270 463,508 358,730
Total revenues 276,978 1,676,741 1,512,249 1,370,099
Less: Business and related taxes (11,245) (68,073) (64,911) (70,421)
Net revenues 265,733 1,608,668 1,447,338 1,299,678
Cost of services(1) (73,088) [1] (442,454) [1] (405,233) [1] (370,661) [1]
Gross profit 192,645 1,166,214 1,042,105 929,017
Operating expenses(1):        
Sales and marketing (75,954) [1] (459,802) [1] (370,100) [1] (329,466) [1]
General and administrative (35,972) [1] (217,765) [1] (186,460) [1] (158,355) [1]
Total operating expenses (111,926) (677,567) (556,560) (487,821)
Income from operations 80,719 488,647 485,545 441,196
Loss from foreign currency translation (1,077) (6,522) (447) (9,363)
Loss from impairment of long-term investments       (15,081)
Interest and investment income 12,439 75,301 61,653 42,033
Other income 7,189 43,522 18,934 8,779
Income before income tax expense 99,270 600,948 565,685 467,564
Income tax expense (16,570) (100,308) (95,579) (81,056)
Net income 82,700 500,640 470,106 386,508
Other comprehensive income:        
Foreign currency translation adjustments (15) (88) (9) 325
Comprehensive income $ 82,685 500,552 470,097 386,833
Earnings per share:        
- Basic (in CNY and dollars per share) $ 1.41 8.55 8.17 6.81
- Diluted (in CNY and dollars per share) $ 1.38 8.33 7.92 6.54
Earnings per ADS(2):        
- Basic (in CNY and dollars per share) $ 2.82 [2] 17.10 [2] 16.35 [2] 13.62 [2]
- Diluted (in CNY and dollars per share) $ 2.75 [2] 16.67 [2] 15.84 [2] 13.09 [2]
Weighted average number of shares outstanding:        
- Basic (in shares) 58,551,925 58,551,925 57,510,591 56,754,240
- Diluted (in shares) 60,069,197 60,069,197 59,375,123 59,067,424
[1] Share-based compensation: Included in cost of services (6,084) (7,870) (10,391) (1,716) Included in operating expenses - Sales and marketing (5,230) (6,766) (8,933) (1,476) - General and administrative (26,660) (35,902) (45,534) (7,522)
[2] Each ADS represents two common shares.